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Tds on fd interest

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(Querist)
16 July 2013 Sir,
Suppose I have 3 FDs in SBI and the interest during the year are 3780, 5750 and 4560 i.e 14090. Can bank deducted TDS on FDs Interest.
If i invested the amt in other branches of SBI or other banks, then what will be happen.?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 July 2013 if all are in your name and if int for the year exceeds 10,000 whether in total or singly the bank will deduct tds.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 July 2013 Yes TDS will be deducted from you u/s 194A since the threshold limit of RS 10000/- is crossed.

Rate of TDS: 10% (In case you do not furnish your PAN bank will deduct TDS @20%.)
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